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Brazil Tax Agency Releases Updated Version of Electronic Bookkeeping Platform for ICMS, IPI

The Brazilian Federal Revenue Office Feb. 9 announced the release of an updated digital tax bookkeeping system (EFD version 3.0.3) for the state goods and services tax (ICMS) and the industrialized products tax (IPI). The update includes correction of an inconsistency in the validation of invoice bookkeeping, and implementation of the report referring to the 1601 record…

Source: bloombergtax.com

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